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Published 6 May 2021
Power consumer groups have called for increased and stable electricity from distribution companies following the N120bn capital expenditure fund provided by the Central Bank of Nigeria for the improvement of distribution infrastructure.
Officials of Electricity Consumers Association of Nigeria and the Nigeria Electricity Consumers Advocacy Network commended the Federal Government for the intervention through the CBN, but insisted that the funds must impact positively on the power sector.
Last week, the Special Adviser to the President on Infrastructure, Ahmad Zakari, revealed that the CBN had provided funding for capital expenditure by Discos in order to improve electricity distribution across the country.
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Electricity tariff hike: Anger, resentment greet latest plan
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Tunde Oso
Stakeholders in different sectors of the economy have expressed disgust and resentment at the latest plan of electricity tariff hike. Many sectoral leaders have opposed the tariff increase, maintaining it is “ill-timed” and disregards the challenges faced by Nigerians.
Firing the first salvo, the Manufacturers Association of Nigeria (MAN) urged the Federal Government to reconsider, while the Electricity Consumers Association of Nigeria rejected the tariff hike.
Nigerians were ushered into the new year with news of a further increase in electricity tariffs in a Nigerian Electricity Regulatory Commission NERC order signed by the new Chairman, Sanusi Garba and one of its Commissioners, Dafe Akpeneye, which instructed DisCos to increase tariffs effective January 1, 2021.
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• Increase between N2 and N4 reflecting impact of inflation, forex – Commission
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The Federal Government has again increased the electricity tariff payable by power consumers across the country.
Approval for the hike in tariff was given by the Nigerian Electricity Regulatory Commission, as the increase which varies, based on different consumer classes, took effect from January 1, 2021.
A few hours after the news of the tariff hike broke, the NERC issued a statement, denying a 50 per cent hike as had been reported in some circles (excluding
THE PUNCH).
The regulatory agency blamed N2 to N4 adjustment in tariff on inflation and movement in foreign exchange rates.
President of the Trade Union Congress, Quadri Olaleye
The Federal Government has again increased the electricity tariff payable by power consumers across the country.
Approval for the hike in tariff was given by the Nigerian Electricity Regulatory Commission, as the increase which varies, based on different consumer classes, took effect from January 1, 2021.
A few hours after the news of the tariff hike broke, the NERC issued a statement, denying a 50 per cent hike as had been reported in some circles.
The regulatory agency blamed N2 to N4 adjustment in tariff on inflation and movement in foreign exchange rates.
However, the Trade Union Congress issued a stern warning, asking the Federal Government to revert to old electricity tariff or face the consequences of its action.
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Published 31 December 2020
In Nigeria, more than half of registered electricity consumers get monthly bills that are estimated by the distribution companies and prepaid meters are still hard to come by, more than seven years after the privatisation of the power sector, ‘FEMI ASU reports
Millions of electricity consumers across the country lack functional meters, with many groaning under the weight of estimated bills from the distribution companies as they are deprived of the right to be in full control of how much they spend on electricity monthly.
In 2016, when Mr John Ovat was about moving into a new apartment at Rumuagholu Pipeline in Port Harcourt, Rivers State, his landlord, Dr Enang Idongesit, was sick and tired of the estimated bills he was receiving from Port Harcourt Electricity Distribution Company.